Westinghouse Air Brake Technolog (NYSE: WAB) has reported earnings for its first fiscal quarter (ending March 31) of $1.54 versus $0.94 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $5.14 compared to $3.60 a year ago.
Recent Price Action
Westinghouse Air Brake Technolog (NYSE: WAB) stock closed at $163.38 on 4/24/24 after a major increase of 10.0%. Moreover, trading volume in this advance was exceptionally high at 365% of normal. The stock has risen 12.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
WAB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Westinghouse Air Brake Technolog has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Westinghouse Air Brake Technolog has a poor Appreciation Score of 28 but a very high Power Rating of 86, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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